Quantbot Technologies LP lessened its stake in Logitech International SA (NASDAQ:LOGI) by 10.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,044 shares of the technology company’s stock after selling 1,475 shares during the quarter. Quantbot Technologies LP’s holdings in Logitech International were worth $538,000 as of its most recent filing with the SEC.
Several other institutional investors also recently modified their holdings of LOGI. Bailard Inc. bought a new stake in shares of Logitech International during the 2nd quarter valued at about $206,000. Virtu Financial LLC bought a new stake in shares of Logitech International during the 3rd quarter valued at about $232,000. Fox Run Management L.L.C. bought a new stake in shares of Logitech International during the 3rd quarter valued at about $238,000. Cutler Group LP grew its position in shares of Logitech International by 143.7% during the 2nd quarter. Cutler Group LP now owns 5,508 shares of the technology company’s stock valued at $241,000 after buying an additional 3,248 shares during the last quarter. Finally, Commonwealth Bank of Australia bought a new stake in shares of Logitech International during the 3rd quarter valued at about $250,000. Institutional investors and hedge funds own 37.93% of the company’s stock.
Shares of NASDAQ:LOGI opened at $32.71 on Friday. Logitech International SA has a fifty-two week low of $32.03 and a fifty-two week high of $49.96. The stock has a market cap of $5.53 billion, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 2.05 and a beta of 1.03.
Logitech International (NASDAQ:LOGI) last announced its quarterly earnings data on Monday, October 22nd. The technology company reported $0.49 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.10. Logitech International had a net margin of 8.06% and a return on equity of 25.43%. The business had revenue of $691.15 million during the quarter, compared to the consensus estimate of $695.41 million. On average, research analysts expect that Logitech International SA will post 1.64 earnings per share for the current year.
A number of equities research analysts recently weighed in on LOGI shares. DA Davidson boosted their price objective on shares of Logitech International from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, September 5th. ValuEngine downgraded shares of Logitech International from a “buy” rating to a “hold” rating in a research report on Thursday, September 6th. BidaskClub downgraded shares of Logitech International from a “strong-buy” rating to a “buy” rating in a research report on Thursday, September 6th. Zacks Investment Research downgraded shares of Logitech International from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 24th. Finally, Citigroup lowered their price objective on shares of Logitech International from $50.00 to $48.00 and set a “buy” rating for the company in a research report on Tuesday, October 16th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Logitech International presently has an average rating of “Hold” and a consensus price target of $48.00.
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About Logitech International
Logitech International SA, through its subsidiaries, designs, manufactures, and markets products that allow people to connect through music, gaming, video, computing, and other digital platforms worldwide. The company offers portable wireless Bluetooth and Wi-Fi speakers, PC speakers, PC headsets, in-ear headphones, and wireless audio wearables; gaming mice, keyboards, headsets, mousepads, and steering wheels and flight sticks; and audio and video, and other products that connect small and medium sized user groups.
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